Stock Talk - David Falkof, Morningstar
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point to -- Is this part of what's being orchestrated by the Federal Reserve you know we've had 0% interest rates now going on five years. Is it finally is is what's happening here I've seen it 88 and where people say youIt raises you know pushes up the S&P 500 pushes up the Dow Jones Industrial Average . What you and I look at our for a one case we feel more confident we spend more money and that creates a virtuous cycle. That's the hope and it -- the wealth effect and some people say it's been five years we haven't really seen the effects but you could argue that we are starting just yet in the housing market -- starting this Viet. You know with hiring a little bit. But. We don't have a lot of -- There's a school of thought though Jonathan that the Federal Reserve shouldn't be acting in that capacity in terms of what you -- there. It -- when I drop and I studied the -
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is the big. And had a -- -- medical medicinal Canada for cancer patients And I if you watched Showtime's weeds. At the end of the reason they had that whole like legal marijuana for cancer patients and minds of. If she got a John and I do remember that. In fact. Play us out there at the company coming out this week and they have a product and they are expected to start to turn a profit. They have not. -- making money inspected and losing millions that there are expected to make a profit and they. Most of their drugs or pain drugs for cancer patients which act McConnell just did is that still good thing yeah but I think that Allen has really becoming interesting. He irreversible felony. It is going to give BI and asked why. And that's why I like it seek him Harris she's ready now went down play -- -- kind of IE yeah now I it's not a it's not a big deal at 68 million but I just being well liked -- that I'll I'd like to these stories of drug companies that help. Cancer patients and I like pat. You know they are expected to start to turn a profit and then and then not part of
Automatically Generated Transcript (may not be 100% accurate)
Every Monday we take a look at a few mutual funds that are then -- searched by Morningstar today we're joined by David -- off from Morningstar and he's got three different mutual funds to chat with us about David good morning and welcome to the show. Good morning thanks for having me. We're glad to -- tell us about this first fund it's a small cap mutual funds from Diamond Hill not familiar with the. Is that Diamond Hill is this strong. Small cap firm in -- How way things so -- just -- about this on his view a lot of investors aren't too long contour investing in stocks right now and -- small caps can be more volatile so but there are attractive valuations. For many companies are now on time and -- very period. Bed finding companies trading well below their intrinsic value in. That tentative vivid picture -- a large margin of safety. And it hand -- over time -- in my lower risk profiles that many of their peers so. In terms of getting your foot into -- small cap to scanner or adding exposure to smoke that's. -- -- very good starters so long term investors who were a little concerned about volatility. On the stand to take lesser risky profile. And the performance has proved out to be very get overtime and very strong managers strong reason to bench as well. Well and if you can get a good small cap mutual fund and if you're willing to live through the volatility can make a lot of money on it over 1020 year period of time. -- tweedy Browne global value this would be completely the opposite I would think of the Diamond Hill fund this is a an international fund clearly. -- would include some American companies -- thank. Yes small amount of American companies with -- right now at least it did heavily invested in Europe and this is service similar case where. In Europe is headline news go to YouTube -- years so in. Investors maybe worried about what's happening there been treated it brown. In management team and and research -- -- very good at finding businesses that are. You know maybe -- under the radar less exposed to the risks that are going on certain. They were able to avoid most of banks and Europe and that helped them very well the past couple years. Man and so they've you know they've taken this more prudent approach higher quality companies. But there's also there's a lot of great companies trading at cheap prices in Europe right now and this is that this sort of fun I think can take advantage of those opportunities. You know most investors when they think about Pimco the thing about the total return fund they think about bonds. Now what is this him Cole all asset mutual fund. The assistant it's a world allocation funded. Yeah allocate to -- -- across a variety of different and goes strategy. -- -- right rob Arnott is very season that so now cater and the -- they're very large they're the key right now -- mansion around fifty billion in assets. And it is goal for this bond is to be inflation by 5% and I -- it -- gold -- -- me. And he tried to do it by having you got around forty different strategies in the portfolio. And Haiti you know tend to it's not -- I it is not a huge portion of their exposure to stocks to. More alternatives stranded some fixed income some market neutral. And it is I think at this stage maybe if further investor who's got a -- or maybe Evian bond and stock in interest sitting considered. Getting into more alternative strategies this is 21 possibility that it. Gave it they can provide a diversification -- for -- maybe it's not very cute holding. For an investor but took a small allocation just provide and -- occasion and and the fund performance and it -- it's got a great track record intend to do well with the more conservative allocations on -- tend to do well on downturn in. All right well David thank you very much for your time and appreciate your next. It's David -- off from morning star his three mutual fund that picks were the Diamond Hill small cap fund DH SCX. Tweedy Browne global value TBG. At the acts. And then finally the Pimco all asset fund in the -- all asset fund has a symbol of PA SDX. And they warn you every Monday. Get a prospectus for any mutual fund before you acquire take a look at the perspective -- it makes sense giving your investment objectives. When we come back we're gonna take a look at some of your text messages that you've been sending us this morning we're also gonna give you an update. On Apple's share price and Google's share price that in more coming up next on the financial exchange.
